Bank Of Marin Set For Earnings Surge, Analyst Raises 2025 Forecast Amid Interest Rate Cuts
Portfolio Pulse from Lekha Gupta
DA Davidson analyst upgraded Bank of Marin Bancorp (NASDAQ:BMRC) to Buy, raising the price target to $24 due to potential Fed rate cuts improving earnings outlook. The analyst increased the 2025 EPS estimate by 10% and expects NIM to surpass 3.00% by 2025.
October 10, 2024 | 5:56 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
DA Davidson upgraded Bank of Marin Bancorp to Buy, raising the price target to $24. The analyst sees improved earnings due to potential Fed rate cuts, increasing 2025 EPS estimate by 10%. NIM expected to surpass 3.00% by 2025.
The upgrade to Buy and increased price target reflect a positive outlook for BMRC due to potential Fed rate cuts. The analyst's increased EPS estimate and expected NIM improvement indicate strong earnings potential, likely boosting investor confidence and stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100